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TSMC shares rise more than 3% after quarterly profit beat estimate

TSMC shares rise more than 3% after quarterly profit beat estimate
TSMC shares rise more than 3% after quarterly profit beat estimate   -   Copyright  Thomson Reuters 2021
By Reuters

TAIPEI – Shares of Taiwan chip giant TSMC rose more than 3% on Friday after the firm posted higher-than-expected profit in the third quarter and flagged tight supplies will likely continue into 2022 amid booming demand during the COVID-19 pandemic.

The rise compared with a 1.3% increase in the broader market.